Keen Vision Acquisition Corporation (NASDAQ:KVAC) Short Interest Down 80.8% in July

Key Points

• Keen Vision Acquisition Corporation (NASDAQ:KVAC) experienced a significant decline in short interest, dropping 80.8% in July, with only 500 shares sold short as of July 31st.
• Institutional investors currently own 51.72% of Keen Vision Acquisition's stock, with notable increases from firms such as Berkley W R Corp and Westchester Capital Management.
• The stock price of KVAC opened at $11.48, showing a one-year range between $10.66 and $11.54.

Keen Vision Acquisition Corporation (NASDAQ:KVAC - Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 500 shares, adropof80.8% from the July 15th total of 2,600 shares. Based on an average daily trading volume, of 6,700 shares, the short-interest ratio is currently 0.1 days. Approximately0.0% of the company's shares are short sold. Approximately0.0% of the company's shares are short sold. Based on an average daily trading volume, of 6,700 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Keen Vision Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the business. Berkley W R Corp increased its holdings in shares of Keen Vision Acquisition by 52.7% in the 2nd quarter. Berkley W R Corp now owns 1,046,168 shares of the company's stock valued at $11,895,000 after acquiring an additional 361,071 shares during the last quarter. Westchester Capital Management LLC bought a new stake in shares of Keen Vision Acquisition in the 1st quarter valued at approximately $787,000. Tabor Asset Management LP acquired a new position in Keen Vision Acquisition during the 1st quarter valued at approximately $2,614,000. Toronto Dominion Bank acquired a new position in Keen Vision Acquisition during the 4th quarter valued at approximately $304,000. Finally, Spartan Fund Management Inc. acquired a new position in Keen Vision Acquisition during the 4th quarter valued at approximately $779,000. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Keen Vision Acquisition Stock Performance

Shares of NASDAQ KVAC traded down $0.15 during midday trading on Wednesday, hitting $11.30. The stock had a trading volume of 1,330 shares, compared to its average volume of 17,215. Keen Vision Acquisition has a 1-year low of $10.67 and a 1-year high of $12.00. The company has a fifty day moving average price of $11.43 and a 200 day moving average price of $11.30.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.